In this paper we analyze the impact of uncertainty on the hiring process. We show the connection between models of statistical discrimination in which uncertainty can work against groups who have less reliable indicators of future productivity and models of option value where uncertainty about...

Using detailed personnel data from a firm, we analyze the real effects of the kind of compensation system that is used in many large firms--the Hay system. Such compensation systems are highly centralized and bureaucratic, with little ability for managers to adjust incentives for different job...

Drawing on a single large U.S. corporation's personnel records for the years 1989-93, the authors analyze an example of the kind of formal salary system used by most large firms. They find that this firm's practices were consistent with most of the important conclusions of prior empirical...

In this paper, I analyze wage trends in telecommunications during the pre-divestiture and post-divestiture period. Data from 1977 to 1993 CPS extracts are used to compare wage levels for union and nonunion workers, for different occupations, and for different regions of the country. The impact...

In this paper we analyze data for each Division I National Collegiate Athletic Association (NCAA) school on academic characteristics, athletic characteristics, and graduation rates. Three groups of athletes are studied: male football players, male basketball players, and female basketball...

In this paper we analyze the impact of uncertainty on the hiring process. We show the connection between models of statistical discrimination in which uncertainty can work against groups who have less reliable indicators of future productivity and models of option value where uncertainty about...